PF14-35A (similar to) Questic The comparative balance sheet of Johnson Educational Supply at December 31, 2024, reported the following: (Click the icon to view the comparative balance sheet.) Johnson's transactions during 2024 included the following: (Click the icon to view the transactions.) i X Requirements Read the requirements. Johnson Educational Supply Statement of Cash Flows 1. Prepare the statement of cash flows of Johnson Educational Supply for the year ended December 31, 2024. Use the indirect method to report cash flows from operating activities. 2. Evaluate Johnson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. 3. If Johnson plans similar activity for 2025, what is its expected free cash flow? Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Print Done Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: PF14-35A (similar to) Question Help The comparative balance sheet of Johnson Educational Supply at December 31, 2024, reported the following: B (Click the icon to view the comparative balance sheet.) Johnson's transactions during 2024 included the following: (Click the icon to view the transactions.) Data Table Read the requirements. Johnson Educational Supply Payment of cash dividends $ 17,200 Depreciation expense S 16,600 Statement of Cash Flows Purchase of equipment with cash 54,400 Purchase of building with cash 107.000 64,600 Year Ended December 31, 2024 Issuance of long-term notes payable to borrow cash 52,000 Net income Cash Flows from Operating Activities: Issuance of common stock cash 114,000 Net Income Adjustments to Reconcile Net Income to Net Cash Print Done Provided by (Used for) Operating Activities: Net Cash Provided (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Answer ? The comparative balance sheet of Johnson Educational Supply at December 31, 2024. reported the following: B (Click the icon to view the comparative balance sheet.) Johnson's transactions during 2024 Included the following: (Click the icon to view the transactions.) i Data Table Read the requirements. Johnson Educational Supply 2024 2023 Statement of Cash Flows Current Assets: Year Ended December 31, 2024 Cash S 89.700 $ 18.000 Cash Flows from Operating Activities: Accounts Receivable 15,100 21.100 Net Income Merchandise Inventory 62,200 58.800 Adjustments to Reconcile Net Income to Net Cash Current Liabilities: Provided by (Used for) Operating Activities: Accounts Payable 27,400 25.600 Accrued Liabilities 10,200 11,500 Print Done Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check
